Chipotle Mexican Grill will enter the Middle East next year with its first franchise deal that will see the US chain open restaurants that sell burritos and tacos in Dubai and Kuwait.
The company signed a partnership agreement with Kuwait-based firm Al Shaya Group on Tuesday and said it will expand its operations across the region.
Chipotle has owned and operated all of its outlets to date, including more than 3,000 restaurants in the United States and more than 50 international outlets.
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The Chipotle Mexican Grill logo is seen at the entrance of a store on November 23, 2015 in Manhattan, New York. (Reuters/Andrew Kelly/File Photo)
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The company said it is exploring opportunities globally for other franchise deals.
Alshaya has partnered with coffee chain operators Starbucks and Shake Shack, as well as apparel retailers Victoria’s Secret & Co. and American Eagle Outfitters to open stores in the Middle East and Europe.
Shares of Chipotle rose about 1% in premarket trading.
Source by [Fox News]
